The Perfect Sales & Trading Resume Template?

This is a guest post from a reader who broke into Sales & Trading (S&T) coming from a non-target school. In Part 3 of this series, you’ll learn all about how to write sales & trading resumes and how to use them to win interviews and offers.

I still remember the beginning of my freshman year and my first visit to the career office…

I was eager and determined to craft the perfect resume that would land me a summer internship in Sales & Trading at a bulge bracket bank.

After spending hours and days working with an advisor going back and forth, I sent it over to a buddy of mine who was a trader at Citi, who had promised to help me with it…

In less than 5 minutes, he emailed me back with his assessment: “This is sh*t.”

And that was my welcome to the world of trading – blunt, rude, and to the point.

Ultimately, I completely revamped my resume and used it to land an offer at a bulge bracket bank – coming from a non-target school with absolutely 0 on-campus recruiting.

Your Resume Template Starting Point

Yes, it says “investment banking resume” but it works equally well for Sales & Trading, and you save time by eliminating the need to format everything.

Forget about multi-page resumes (unless you’re in Australia, maybe), and resist the urge to write a laundry list of halfhearted experiences: still focus on the top 3-4 work/leadership experiences you have.

You still use the same sections: Education, Work & Leadership Experience (or “Professional Experience”), and then the section at the bottom with your Skills, Activities and Interests.

And the same advice about quantifying experience and going into the details and results of what you did still applies.

What’s different with Sales & Trading is the input to this resume template.

Above all else, S&T recruiters look for these 3 characteristics on your resume:

Quantitative Ability

Analytical Skills

Passion for the Financial Markets

Note the contrast between what they’re looking for in IB vs. S&T: in investment banking they care more about your ability to work long hours, leadership / teamwork skills, and general passion for business and finance rather than the markets specifically.

Those characteristics can still be important in S&T since it’s far from a 9-to-5 job, and since you do interact with salespeople / traders.

But the overall focus is more on quantitative / analytical ability and passion for the markets.

It’s trickier than it looks to convey these skills on your resume, but you must get them across if you want a good shot at winning interviews and landing offers.

Quantitative Ability

This is one of the most important skills required to land a job in S&T. Whether you’re in fixed income or equity, you must be able to work quickly and efficiently with numbers.

You’re constantly calculating prices to quote to clients, and one tiny little error can end up costing your firm or your client millions of dollars…

Previous internship or experience where you did a lot of quantitative work – think number-crunching, engineering, anything with spreadsheets, and so on.

If a trader glances at your resume and sees that you’re an English major with no math-related coursework and no quantitative work experience, he’ll (rightfully) be skeptical of whether you can do the job.

So if that’s you, get relevant experience right now: take a more quantitative class and write about an extended project you worked on, or get a part-time internship doing something that involves numbers.

It doesn’t even have to be finance-related: it just needs to demonstrate that you’re comfortable working with numbers.

If the central bank raises interest rates, what does that mean for your positions or your clients’ positions?

You may not be able to answer that with a number, but you can come up with qualitative guesses for what might happen and how you should react.

If you’re from a liberal arts or mixed background you might be tempted to demonstrate this one via your analysis of Moby Dick or Hamlet, but that would be a mistake: find something that’s more relevant to business, even if it’s qualitative.

The best way to demonstrate this is via coursework or previous work / internship experience:

Write about how you analyzed a company’s strategic position vs. competitors as part of a case competition or a business class.

Write about how you analyzed your firm’s marketing efforts and found ways to save money and improve the ROI of their spending.

Write about how you analyzed a stock and decided to invest via your personal account based on valuation metrics and value investing criteria.

There’s no such thing as over-using the word “Analyze” when you write your bullet points for this one (Ok, maybe keep it to one mention per bullet point…).

Passion for the Financial Markets

If you don’t have some experience with the financial markets, don’t even bother applying for S&T roles.

You might be able to get into IB or PE without trading or following the markets very much, but it’s almost impossible to do that here.

Unlike bankers, most traders actually enjoy what they do – at least when they first start out – so they want to see that you will also enjoy it.

You could demonstrate this passion with:

Your major – Being a finance major helps.

Previous work experience – Anything where you traded or dealt with the markets.

Mock trading accounts – Even if you didn’t trade real money, you still have to be passionate to actively invest via a mock account.

Clubs in school – Think of any type of finance or investment society where you present your ideas, talk about possible investments, and so on.

If you don’t have much experience investing or dealing with the capital markets you should do two things right now:

You need to follow the markets and at least start doing mock trading ASAP so you can point to this on your resume and talk about it in interviews.

Got Education and Work Experience?

That covers the main points for your Education and Work & Leadership Experience sections on your resume.

But traders like to have a good time, too, so the last section of your resume is also important.

Skills, Activities & Interests

Not too much is different here from what you see on IB resumes: note any language skills you have, any organizations or activities beyond what you’ve already written about, and any certifications such as the CFA (no, it won’t help much for S&T, but it’s worth noting especially if you don’t have much experience).

The most common question here: should you list “Interests” like gambling and poker?

Short answer: yes, they can definitely help because sales & trading is all about risk management, probability, and keeping your emotions in-check… just like gambling.

I know an analyst who made a deal with his boss that he could use the boss’s money to play poker and take 25% of the profit…

Sounds crazy, but it’s true – anyone on the public markets side of a bank loves to take calculated risks, or they wouldn’t be working there.

Just make sure that you don’t come across as overly obsessed with gambling / poker – don’t devote huge portions of your resume to it, and don’t spend half your interview talking about your poker winnings.

No firm wants to hire a rogue trader that will lose them a billion dollars.

Putting It All Together

As I mentioned in the beginning, the same resume template still applies for S&T, so there’s nothing new there.

What’s different is how you write about your experiences and what you emphasize.

More Questions?

I know, you still have a few lingering questions so let’s go through them…

What’s the Difference Between a Sales Resume and a Trading Resume?

Nothing! Or at least, very little.

When you apply, you apply for S&T, not a specific group… during the interview you can stress your preference for one or the other.

So you still need to write about your quantitative and analytical abilities and your passion for the financial markets…

…but if you’re more interested in sales, you must also be a “people person,” a good communicator, and a team player.

Sales is all about making your client feel special and making sure that they are sending your bank business.

You take your clients out 3-5 times a week, and you’re on the phone with them all day.

So you should emphasize a few points more strongly if you’re planning to join the sales side:

Social Clubs (fraternities/sororities).

Sports Teams – S&T recruiters love athletes (it shows you are a team player, and that can handle stressful situations).

No, Seriously, What About Certifications, Degrees, and Series Licenses?!!

Series 7 and 63 and so on are more helpful for S&T than they would be for banking, but they still won’t make or break your chances of winning interviews.

What If I Really Have Nothing Related to the Financial Markets?

Then you have a problem. You need to get some experience ASAP, and the fastest way to do that is to join a student-run fund or professional organization, or to start trading your own personal account, whether simulated or real.

Of course, this begs another question: if you don’t have any markets-related experience, are you sure Sales & Trading is even right for you?

It’s like aspiring to become a novelist but having no writing experience.

What About S&T Resumes for Those with Full-Time Work Experience?

To be blunt, you don’t have much of a chance of getting into S&T at a large bank if you’ve already been working full-time in another field.

There are fewer spots available, and traders rarely even hire from the MBA pool, let alone experienced professionals elsewhere.

If you have your heart set on this, your best bet is to aim for a sale role instead (experience elsewhere is more transferable), or to go for prop trading or something else where results are valued more than pedigree.

Your actual resume will not be much different: focus on all the points above, but put your Education section at the bottom, keep your experience to work-related experience, and leave out student clubs and activities.

You should still list professional organizations and your own investing track record, but you can’t eliminate real work experience in favor of those.

Anything Else?

The floor is yours. Ask away.

This is a guest post from a reader who broke into Sales & Trading (S&T) coming from a non-target school. In the upcoming features in this series, we’ll continue to explore the sales & trading recruiting process with coverage of interviews and more.

Still Need More Help?

We will take your existing resume and transform it into a resume that grabs the attention of finance industry professionals and presents you and your experience in the best possible light.

When we’re done, your resume will grab bankers by the lapels and not let them go until they’ve given you an interview.

Specifically, here’s what you’ll get:

Detailed, line-by-line editing of your resume/CV – Everything that needs to be changed will be changed. No detail is ignored.

Your experience will be “bankified” regardless of whether you’ve been a student, a researcher, a marketer, a financier, a lawyer, an accountant, or anything else.

Optimal structuring – You’ll learn where everything from Education to Work Experience to Activities should go. Regional badminton champion? Stamp collector? You’ll find out where those should go, too.

The 3-point structure to use for all your “Work Experience” entries: simple, but highly effective at getting the attention of bankers.

How to spin non-finance experience into sounding like you’ve been investing your own portfolio since age 12.

How to make business-related experience, such as consulting, law, and accounting, sounds like “deal work.”

How to avoid the fatal resume mistake that gets you automatically rejected. Nothing hurts more than making a simple oversight that gets you an immediate “ding”.

We only work with a limited number of clients each month. In fact, we purposely turn down potential clients in cases where we cannot add much value. We prefer quality over quantity, and we always want to ensure that we can work well together first.

About the Author

Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron.

I am almost an aerospace engineer and I have to complete to more years to get a degree in business administration. I have just taken an internship in a small company similar to Bloomberg but quite smaller.

After the exams, I thought that it would be a good idea to take another internship. What do you think about a mutual fund, or something related to wealth management or similar??

I’ve been working for a short while now. I had a solid CV when I was a student thanks to you guys. i’ struggling now though to build a CV that I think would be strong for a mildly experienced sales person. Do you have any advice on the kinds of things I can include under my work experience to reflect everything that I’ve learnt in my current job?

Hello Brian, thank you very much for this interesting topic and thank you to the entire team for this great website with which I learned a lot of things.

My situation is a little bit complicated. I’ve ended a Management School this year (4 months ago) with a Master in Financial Engineering with decent grades in a good school in my country (Belgium), and I am looking actively for a job now. I am 25 years old and passionate about financial markets and quantitaive analysis/macroeconomics. I have some interesting staff from an academic point of view on my resume (like my quantitative classes, my master Thesis or the fact that I speak 5 languages). I am also a self learner, trying now while I am looking for a job to improve my math,finance, programming skills .

I would like to work in the trading area/research/quantitaive analysis in London, but unfortunately I lack the essentials on my resume for this kind of position. The extracurricular activities (I don’t think that Tai Chi Chuan would be relevant for a trading position), the work experience (only 3 months of internship), or the trading account ( I’ve found some little funds now and I am in touch with a broker to do it as quickly as possible). I demonstrated my leadership during our group works at the university, but doubt that it will be relevant.

My questions are as follow:

1. How in those circumstances try to show my dedication and passion (through my self learning), but without appearing as a nerd, and to try to obtain an internship this year?

2. While I am aware that getting an internship this year in S&T investment banks and/or funds would be difficult, there are 2 opportunities at one of the Big 4 firms (they come often in my School to recruit and 3 of my finance teachers work for them), 1 opportunity is at an advisory department for corporate finance and the other is for risk management (with a lot of quantitative staff to do , but it is not a junior job rather a trainership). Would this be viewed as a negative work experience on a trading floor for a big investment bank or hedge funds/prop trading ? And with addition of a trading record?

3. The idea would also be to work for the Big 4 company 1-3 years, spare money and go for an econometric master in London School of Economics, but then wouldn’t my age (28-30) be a problem?

4. I completely agree that network is essential, nevertheless it is quiet a problem knowing that I want to go to London but will be working on continental Europe, do you have some tricks for this kind of situation?

Of course if I don’t get a position that I really want this year, my projects will be to work, spare money, have a trading account, network as hard as I can and maybe do some certifications (if time allows).

And as to “how bad do I want to get in this area”, my answer is… bad…really bad.

First of all, i would like to say a big Thanks for creating this website, it really benefits me so much! You have kept my worrisome aside! My name is Chew,22, I come from Malaysia, studying in last semester of my undergraduate finance local University, my current CGPA is around 3.65/4, and I’m fighting to get First Class honor in this semester which it must be 3.75 or above. It was a big regret that my parents coudnt afford to send me to University of Queensland to finalize my last year degree. I really don’t know how to depict how passion am i to financial market, i started to trade stock when i was 18 and move to forex 2 years ago, proper risk management, mindset and psychology is applied at trading. And i have read some books about option trading, unfortunately due to my busy school work, i do not have extra time to practice it. In addition, Im very interested in trading any financial instrument, i found them very interesting. Actually i have spent most of my university time on learning how to become a professional trader and building my track record since i know Im not coming from famous business school(my university is quite famous in Malaysia though). My ambition is to join hedge fund as junior trader then target to become a portfolio manager, or to become an investment bank trader. I plan to start my career in Singapore since there are lot of companies doing fund management, so the opportunities are much more and the future is brighter there, then i may move to Hongkong or Sydney if there are better opportunities. If i cant get into Singapore, i may start with local investment bank for 2-3 years. Besides, there are some experience i got for my past 3 years – i have joined several stock trading competitions in past 3 years(no awards), i was give a month trial by a private company to manage a pool of funds but fail to get it and i have actually started my own small MAM account(Manage account) last year to help few of my friends and my family to trade/invest, my objective is to gain responsibility and get the experience to work under stress condition during my earlier age, because i know im eager to work in fund management next time. In the meantime, I have deep understanding about the global microeconomics, i understand what drive the current market and those factors that may affect the market, i am also have the agility to react to sudden news events or making big decision, and i have strong investment gut feeling which able to predict the movement accurately most of the time. In my trading experience, i have suffered time of up and down and eventually know how to become a professional trader. Last but not least, I was previous a state swimmer during age of 12-15, i understood how having playing in sport have affected my attitudes(high self-confidence, competitiveness and wanting to win) and also i plan to do CFA lvl 1 in December, would you suggest me to do so? Since im going to graduate in 2 months time, and i should be ready to write my resume and apply for trading job. There are few questions before i start writing the resume, should I mention those trading competitions under working experience? Should i mention i was a sportsman? Base on my information given above, could you suggest me which part should i focus more when writing resume? How do you think about my experience?

In response to your questions:
– should I mention those trading competitions under working experience? Yes, under trading experience
– Should i mention i was a sportsman? Yes – this would help
– Base on my information given above, could you suggest me which part should i focus more when writing resume? I think the article gives you quite detailed guidelines to follow. If you follow that this would help you

Hi M&I I’ve put down mock trading under interests, how does that sound? Should I also perhaps specify what platform I am using?
Also I have four university degrees, one which I am currently doing while I work, must I list all my degrees?
For instance my undegrad was a BA in politics which seems like just a waste of space right?

Hey all !
I have a question about career strategy planning here. I am currently finishing my master’s degree in France but couldn’t land any interview for Sales&Trading so far. I’ve done internships in a big bank but not related to trading (energy & commodity financing loans).
I might have a chance to land a trading job/internship in Colombia (my second homecountry); but I wonder whether it would be possible afterwards to go back to europe for a real sales/trader job in a big firm. Would an experience in an emerging country be as valuable ?
Many thanks for your prompt reply!

It might help, but they would still discount the experience since it’s in an emerging market. But if that is the best option you have for doing S&T, I would take it because it will still be better than doing something unrelated in Europe.

I have a question: one of my main hobbies is Urban Exploration (which is, according to Wikipedia, “the exploration of man-made structures, usually abandoned ruins or not usually seen components of the man-made environment”)
The thing is that this “sport” has a sketchy reputation, so do you think I should include it on my resume?

Hi I’ve been working at a prop trading firm in NY for several years, but looking to transition into big bank, then hedge fund. Strangely, I may have better leads in U.K. or Singapore than NY. If there’s an opportunity abroad, can traders easily transfer to NY after a couple years? Not sure how that works. I wouldn’t mind learning/trading a new product to get into a bank, but would prefer to live in NY over long run. Thanks.

It depends on your market knowledge (and visa – but I presume you have the work permit since you’ve worked in NY for several years.) I think it is doable to transfer locations though you’ll have to demonstrate your track record as well as your market knowledge

What would be an appropriate heading for the blurb in my resume under experience about my personal trading? Just graduated from college and have been actively trading daily for 3 years using technical analysis and calculated entries and exits.

Your website is unbelievably helpful and encouraging! I really appreciate you guys’ detailed hard work. Hopefully one day I can contribute to this website!

I have 2 questions:

1) I have been managing 3 real money online stock accounts. One of them was opened in 2009, and the other two were started this year. I was investing for two years since 2009, and have been swing trading since this year (But getting really serious only since June).

My question is, do I list this in Work & Leadership Experience section or as an Activity on my resume? I have a lot experience and thinking to list, but I wonder this may not qualify for a “Work Experience”.

2) For this recent quarter, my accounts are making losses right now. The reason was mainly because I’m also a full time college student, which I cannot monitor the stock market and find news in time everyday (But I have tried my best whenever I have time).

I read above in a similar comment where you said “avoid listing the results of your trades and instead explain your thinking behind them in detail” and “say they were fairly recent so it’s too soon to tell since you plan to hold for the long-term”. But my question is, is it good to list (or say when asked) that I have been “swing trading” (since this is more focused on short-term results than investing)? How do I answer? I do have a lot of experience to talk about, but I can only see a profit later this year or early next year.

Thanks for the article above. My resume is highly IBD focused but still shows very a strong ‘quantitative ability’ and solid ‘analytical skills’… but I don’t have a passion for the financial markets (FTSE etc)… but do like reading up about M&A deals etc. However, because I study at LSE, and because of my quantitative degree/background, recruiters/people in the industry automatically categorise me as a ‘quant hedge fund analyst/trader’… even though I have IBD experience and present my resume in the ‘IBD’ way. BBs have called me requesting I apply for a S&T internship, not IBD, but I am not interested in S&T (i have shadowed traders and didn’t see myself do that for even 3 months!) so there is a problem. Do you know what I can do?

M&I: I’m going to be a senior in high school next year and I’m interested in finance. I know it sounds cliche because everyone thinks they want to be an investment banker when their in highschool-but I want to be an investment banker. I plan to get an MBA after 2-3 years of working after college. I’d like to start out at as an associate at a decent firm. What can I do to start preparing now? What should I major in for my undergraduate studies? I’m going to Washington and Lee (hopefully) and they don’t exactly have a straight finance major, just economics, accounting, etc. I’ve had a mock-portfolio for two years and I plan on setting up an account when I get home from this internship I’m doing right now at a mutual fund. The buy side is pretty interesting and pleasant, so why would I ever want to be an i-banker? This group hasn’t hired anyone in 11 years and they rarely take interns. Also, I have many connections to some bigwigs at well known firms, so networking won’t be as hard for me. You blog is remarkably interesting, by the way.

Hey Brian, I agree with this article very much. I just finished my internship with Standard Chartered Global Markets (Manila, Philippines) and got to sit with the different trading desks (not to mention 1 month with Debt Cap. Mkts). More than anything they appreciated my hunger to trade and passion for the market (and never-stressed nature). They like the fact that I trade with simulation accounts and when I’ve got downtime, they see me reading newspapers or money.cnn.com, WSJ etc. Traders don’t find it weird that you’re so enthusiastic and trade with simulator accounts – they think you’re genuinely hungry enough to do this. They don’t teach trading in school, so they want you to want really bad it because they’re taking time away from watching the market to teach you, some random college kid.

(Got invites to work with them when I graduate btw, from multiple desks, DCM and the MD, thank you for all the advice you post on this site, I read it religiously.)

“Traders don’t find it weird that you’re so enthusiastic and trade with simulator accounts – they think you’re genuinely hungry enough to do this” : Yes, because the above shows that you have a genuine passion for the markets. Your work is a major part of your life, esp if you work in trading/IB! I believe one needs to have a passion for the markets (and interviewers can tell whether you have a genuine passion in it or not), a strong EQ and ability to manage one’s emotions, and a strong drive to succeed in order to excel in trading

Love the template and advice given. Just got a question about the work and leadership section. Would it be better to put in the experience in order of time or by relevance? I did a corporate finance internship last year, but currently doing some less relevant work such as mentoring and tutoring.

In order of time is best because interviewers usually value your most recent (and most relevant) experience.
Are you working FT as a mentor/tutor? If its not a full time role, I’d highlight put your corp fin experience as the 1st work entry under your work experience and put your mentor/tutor experience at the bottom of your resume or below your corp fin entry depending on what you do as a mentor/tutor

I am a Software Engineer with 7 years software engineering experience and have a BEng degree and nothing else related to finance. I play Poker in small club and I am an endurance cyclist with a couple of my old friends. I have my own mock account I trade on but it only picks stocks from the London Stock Exchange. What sort of layout in brief do I need to get into Sales and Trading. My experience at work saved hours and money and we resurrected few customers on our account at work because of the changes I advised on.

OK. So in this case my resume will be education, experience (here I will put any achievements and advices I made which is basically software development but will make it business oriented and how much I have saved the company), skills, activities and interest (I will put I am fluent in arabic, oracle certified, have my own mock account in trading, I will also add in the CV I won 3 times in a row the investment competition when I was in school 18 years ago). Is that good ? Or is there a better layout.

One last point. Under which section do I list the mock account ? is it under professional experience and it should it be before my current job ? Please let me know. Also in the article it says if you are in full time education you put the experience before the education and leave out Skills, Activities & Interests … Is this all still true ?

In London, fantasy trading accounts are not viewed positively. I have spoken to people at all levels (analyst up to a CEO of one of the most prestigious boutiques in the city).

The logic is, ‘I do not want you on the floor if you’ve got a punting account,’ It is unfortunately as simple as that.

You are far better off making sure you have very very strong opinions (developed by reading/following the markets) and knowing your stuff than having a fantasy account. Even if you’re using real money, it isn’t viewed in a positive light.

One caveat I’ve seen is some traders preferring to hire people (this is for the UK only) kids with an A in A level mathematics + a liberal arts degree (french, history, politics, economics etc) just b/c these kids tend to be “more interesting”

I find that hard to believe, especially if you’re using real money. How else could you possibly know if you are good at trading without trading yourself first? And if it comes down to 2 people with similar profiles, would the non-trader really win out?

Still, there may be regional differences and it could be the case that trading accounts are not viewed positively in the UK.

From discussions with traders at bulge bracket banks in New York, I know that most of them would much prefer someone who’s passionate about trading and who has done it before vs. someone who just thinks it sounds cool but doesn’t have any experience.

For the Fall recruiting season, when do first-round interviews for S&T Analyst positions typically start? Prior to the first-round interviews beginning, will they inform you of their decision to advance you to the first round by messaging you via e-mail or through phone?

If you are asked to come for a real interview in an office in NY or London, say, would they mail you the airplane tickets several days or weeks in advance? (I’m not sure how the logistics of this works out.)

Hi, would you please release the general accepted fees (introduction, success) wages and expenses scheme, I’m negotiating and don’t want to be pretentious neither be lower nor out of bounds. Thanks & regards

I’m a junior at University of Michigan. I’m studying Nuclear Engineering. And I’m also considering adding either Finance (Ross school of business) as second major, or Financial mathematics. I’m leaning more towards financial mathematics.
I’m highly interested in financial market, and I trade daily on the virtual portfolio.

What are you opinions on financial math degree in relation to Finance?
Is it worth adding either of those as second degree?

I don’t think you’ll see a huge difference between the two. I also don’t know if you should necessarily take on a 2nd major – it might be too much work and simply adding a minor in one of those would give you a similar boost. Financial math would probably be better for public markets roles and anything more quantitative, finance would be better for transactional roles (IB/PE).

I am not Brian but coming from a personal experience I would strongly recommend to start learning how to trade and understand whether you like fundamental or technical analysis. Then you need to learn and master your strategies and then understand market psychology. Also, trading journal helps a lot. You need to be able to reflect from your trades.

You can just avoid listing the results of your trades and instead explain your thinking behind them in detail. If they ask you how the trades have performed so far, just say they were fairly recent so it’s too soon to tell since you plan to hold for the long-term.

Hello! Since you don’t email anymore, I’ll try to get in touch by these comments.

I’m currently an upperclassman in high school, and I had a couple of questions for you.

1. I’m interning at a wealth management firm next year (networked my way into that (: ). Do you have any advice on what to do when I’m there? My goal is to go into IB after college, but I’m quite happy to work there.

2. Is an Ivy League education completely necessary to get into investment banking? I want to go to the University of Western Ontario, which has a great reputation for its business school, but I hope that the banks don’t just focus on the Ivy League grads.

3. Any other advice on what to do when in high school? I downloaded your free program (modeling, etc) and I was surprised that I understood most of it! I want to just practice interview skills, network and get a good knowledge of the job. Any other tips?

Your guest suggested emphasising mock/simulator trading. If you don’t have actual experience to point to, is it still a good idea to list this as a work experience entry? e.g. Choose companies that have actually been profitable in share price terms over the past 5 months or so, and expand showing that the investment would have been profitable in a real-life portfolio?

Sure, but I would still try to list some type of student activity / volunteer / other leadership experience as well just to show that you can work in teams and in formal roles in addition to trading on your own.

For trading you are basically just in one place. Sales may involve more travel depending on what’s going on at the moment (e.g. a roadshow). Overall consulting is by far the most travel, followed by IB, then sales/trading.

There is actually a fair amount of traveling when it comes to the busy season (springtime). BB Research Analysts are going to meet clients in various parts of the US and depending on where you are based you could be out 2-5 days a week.

In markets outside of the US, would you still imagine there to be a similar trend around those times too? While it is not the main focus for sales & trading, would you deem it of value to emphasise any international experience/language capability on the CV>

There may be, but generally for trading languages / international experiences don’t matter as much because everything is in English… for sales or research it can be more of an advantage (see the podcast we did on S&T). Not sure how frequent travel would be outside the US but perhaps someone else can answer.

Hey Brian, I read that there is a slim chance for people who already have a full-time job to get in S&T. Is this a dead-end for me or I still have a shot? What would be the best approach for someone like me who graduated 6 months ago in accountancy and is currently working in the backoffice in the pension industry. Is going back to school for a master in finance, MBA or something in a quantitative discipline a good way to revamp myself? Or the best approach would be to network heavily? Or is there another way out of this?

1) For “Quantitative Ability”, are we looking for only arithmetic/statistics-related stuff, or should I put down “Multivariable Calculus” in the Relevant Coursework section?

2) Is sports betting a good thing to put under interests, in the same vein as poker etc. Also, what happens if somebody asks how good you are at betting/poker. Is it okay to say “I’d rather not say”, or should you reveal your strategies etc. What if you’re too successful (not saying I personally am) – will the interviewer question your motivations as to why you want an S&T job when you’re making a nice income off poker/betting?

3) I’m in a frat, but I don’t have a leadership position. In that case, where do I list this in my resume?

4) How intense does your mock trading account have to be? I have a real trading account (which I’ve had for a year), but I’ve only held positions in 5 stocks, and never more than 3 at a time – I’ve also only sold/bought/fiddled with the allocation only 3 or 4 times. Is that enough?

5) Is knowing just the front page of the WSJ, MarketWatch etc. enough – how detailed are people expecting your market knowledge to be? I’d love to spend all my time looking at it, but I also have homework to contend with.

Okay, so it’s a bit more than a few quick questions, sorry! And thanks in advance, guys!

2) Yes, it could be if you can explain your strategies properly. If asked, just say that you have some experience doing it and consider it a hobby to divert away questions of why you don’t do it full-time.

3) You should still list it at the bottom, either by itself or note one of your accomplishments.

4) Sure. Doesn’t have to be that intense, just be able to describe a couple of trades and investment ideas quite well.

5) We’re going to cover this in the next few parts of this series – there’s a specific list of indicators you should be familiar with. Not that many to know, but they will expect basic knowledge like interest rates, oil/gold prices, GDP growth, unemployment, etc.